European Crop Protection Chemicals Market worth $15,848.5 Million By 2018

The report, “European Crop Protection Chemicals Market by Types (Herbicides, Fungicides, Insecticides, Bio-pesticides and Adjuvants), by Crop Types, by Geography: Trends and Forecast to 2018“, defines and segments crop protection chemicals market with analysis and forecasting of the revenues for pesticides (synthetic as well as bio-based), and adjuvants. It also identifies the driving and restraining factors for the global, European crop protection chemicals market with analysis of trends, opportunities and challenges. The market segmented and revenues are forecasted on the basis of major countries such as Germany, France and U.K.. Further, the market is segmented and revenues are forecasted on the basis of product types and crop types.

Fungicides are another high-growth segment in the European market, owing to the surge in demand for strobilurin, especially from central and eastern parts of Europe. The demand for fungicides is growing at a CAGR of 4.5% from 2013 to 2018.

Phased out active ingredient

Old synthetic pesticides are being constantly phased out and the costs of developing and registering new pesticides have increased by 35% in the last decade. In addition, organic food has been rapidly gaining popularity in Europe; this is expected to further hamper the demand for crop protection chemicals in the coming years.

Arable land in Europe has also been marginally reducing in the last few years. Agricultural land in Europe was estimated at 472.6 million hectares in 2009 which was a very marginal increase from the estimate in 2005. This agricultural land is primarily used for crops, grains, pastures, animal feed, and also for flowers such as tulips and daisies which are globally popular and are exported from countries such as The Netherlands.

France, Russia & Germany: Key country markets

France has historically been one of the most dominant agricultural centres in Europe and currently is second only to Russia in terms of agricultural output. Key agricultural products in France include sugar beets, cereals, grapes, and oilseeds.

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.